General Lease
Last Updated: September 11, 2026
How these documents fit together
The Terms and Conditions, Site Rules and Privacy Statement are the same for every Flex Town tenant. They are published, versioned, and never edited for one tenant.
This General Lease is also the same for every tenant. The only thing that differs from one lease to the next is the information specific to you and your unit — the unit and its size, your dates, rent, deposit, permitted use, and who signs. The wording itself does not change.
The Addendum is the only customized document. Anything negotiated — a rent concession, a build-out permission, an exclusive, an option, a special exception — is written there, and nowhere else. Where the Addendum conflicts with this General Lease, the Addendum applies.
Order of precedence
| Rank | Document | What it does |
|---|---|---|
| 1 | Addendum | Your specific deal. Beats everything below, on the points it covers. |
| 2 | This General Lease | Parties, unit, term, rent, deposit, insurance. |
| 3 | Terms and Conditions | The standing legal terms. |
| 4 | Site Rules | Day-to-day operating rules for the site. |
| — | Privacy Statement | Outside the ranking. An Addendum cannot override it. |
1. The parties
| Landlord | Maat Holdings Ploof Road LLC, a North Carolina limited liability company 3116 Weddington Road #900, Matthews, NC 28105 Email: |
| Tenant — legal name | |
| Tenant — entity type | (LLC, corporation, sole proprietor, partnership) |
| Trading name, if different | |
| Tenant address | |
| Tenant email (notices) | |
| Tenant mobile | |
| Person signing / title | — |
| Guarantor | Required where the tenant is a company, LLC, partnership or trading name. See Schedule C. Not required where the tenant is a sole proprietor trading under their own name, since that person is already personally liable. |
2. The unit
| Unit | , Building , 9550 Ploof Road SE, Leland, NC 28451 |
| Approximate size | sq ft — approximate, for identification only |
| Permitted use | Selected from the Brunswick County permitted-use categories for Industrial General. See Terms, section 14. |
| Zoning | Industrial General (IG), Brunswick County tax parcel 04800013. Sales to the general public are limited; wholesale sales and service are permitted. |
| Parking spaces | |
| Bathroom | (private / shared / site facility) |
| Maximum people in the unit | at any one time One person per 500 sq ft of rented space, or part of that (Terms, section 16). |
| Unit map | Attached to the Addendum |
3. Term
| Start date | |
| Length of first term | months |
| First term ends | |
| After the first term | Continues month to month at the rent then in effect, until either party gives 90 days’ written notice or a new lease is signed (Terms, sections 6 and 7) |
| Early cancellation right | None, unless granted in the Addendum |
| Inspection period | 14 days from the date this Lease is signed. Tenant may end the Lease in that window only if a county or state authority refuses in writing to permit the permitted use (Terms, section 5). Deposit and any rent paid are returned in full. |
4. Rent and money
| Monthly rent | $ , due in advance on the 1st of each month |
| Rent concession | None, unless granted in the Addendum |
| Payment method | Card or automatic bank debit (ACH) through the Flex Town tenant portal — rental.flex-town.com. Other accepted methods are listed below. |
| Late charge | After 7 days: 5% of the overdue amount or $85, whichever is greater |
| Yearly increase | % on each anniversary |
| Security deposit | $ |
| Deposit returned | Within 45 days of move-out, with a written breakdown |
Accepted forms of payment
| Method | Where to send it | Fee |
|---|---|---|
| Zelle | Zelle tag: maat-tenant-deposit | No fee |
| Bank transfer or branch deposit | Wells Fargo account 639 796 3213, routing 053000219. If you deposit at a branch, write “Maat Holdings Deposit” on the back. | No fee |
| Wise | @maatholdingsploofroadllc | No fee |
| Credit or debit card | Through the tenant portal — card payments are processed by Stripe | 3% on payments above $400 |
| PayPal | 3% on payments above $400 |
Rent is due whichever method you choose. Where a fee applies it is added to the amount you owe, so paying by a no-fee method costs you less.
5. Utilities
The utility model that applies to this Unit is .
| Utility model | What it means |
|---|---|
| Direct BEMC DEFAULT |
Tenant opens and pays their own Brunswick Electric (BEMC) account before the start date and keeps it in their name for the whole rental. Letting it lapse or move out of their name is a breach. |
| Metered by Landlord | Electricity separately metered and billed monthly at cost. Water included for normal business use. |
| Included in Rent | Electricity and water included up to 500 kWh and 1,000 gallons per month. Excess billed at $0.02/kWh and $6.00 per 1,000 gallons. |
| No Power | The unit has no electrical supply. Nothing is metered and no allowance applies. |
In every model, Landlord covers sewer, trash, landscaping and Shared Area upkeep. Tenant arranges and pays for internet and their own cleaning.
6. Insurance
| Required cover | Commercial general liability, minimum $1,000,000 per occurrence |
| Additional insured | Maat Holdings Ploof Road LLC, and any lender we notify |
| Certificate due | Before keys are released |
| Renewal certificate | At least 30 days before the policy expires |
Tenant’s own equipment, stock and improvements are not insured by Landlord. This requirement cannot be reduced or waived by an Addendum.
7. Before move-in
Keys are not released until all of the following are received:
- this General Lease signed;
- Schedule C personal guarantee signed, unless the tenant is an individual sole proprietor trading under their own name;
- the Addendum signed, where one applies;
- certificate of insurance meeting section 6;
- security deposit and first month’s rent cleared, unless waived in the Addendum;
- a valid card or ACH mandate on the portal;
- an alternate contact other than the tenant;
- a copy of the signer’s driver’s licence or photo ID;
- where the utility model is Direct BEMC, proof the electricity account is open in the tenant’s name.
8. The other documents apply
The Flex Town Terms and Conditions (version 1.0, dated 8 September 2026) and the Flex Town Privacy Statement (version 1.0, dated 8 September 2026) form part of this Lease.
By signing below you confirm you have been given a copy of each, you have read them, and you agree to them. Copies are attached, are available in the tenant portal, and are published at flex-town.com/terms-and-conditions/ and flex-town.com/privacy-policy/.
9. Acknowledgments
I am taking the unit as it is, and anything Flex Town has promised to provide is written in the Addendum.
Initial:
I must have $1,000,000 business liability insurance naming Flex Town before I get keys, and my own equipment and stock are not insured by Flex Town.
Initial:
I am responsible for the cost of cleaning up any contamination my business causes, including after I move out.
Initial:
There is a limit on what Flex Town can be made to pay me, and a one-year deadline to bring a claim.
Initial:
This unit is for business use only. Nobody may live or sleep in it.
Initial:
An owner must personally guarantee this lease, and Flex Town can pursue that person directly for unpaid rent without suing the business first.
Initial:
10. Signatures
This Lease may be signed electronically, and an electronic signature has the same effect as ink.
This is a legal document. Signing it has consequences a court can enforce. If you are unsure about anything in it, speak to an attorney before you sign.
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Schedule C — Personal guarantee
Every Flex Town lease carries a personal guarantee. Where the tenant is a company, LLC, partnership or trading name, an individual owner signs this schedule personally as well as signing the Lease for the business.
Where the tenant is an individual sole proprietor trading under their own name, they are already personally liable and this schedule is not needed.
In return for Flex Town entering into this Lease with , the person signing below personally guarantees that the tenant will pay the rent and other money owed and will perform its obligations under this Lease.
This is a guarantee of payment and performance, not merely of collection. Flex Town does not have to pursue the tenant first.
The guarantee continues while the tenant occupies the unit, including any month-to-month period after the first term, and is not released by a rent change under section 11 of the Terms, by a renewal, or by Flex Town giving the tenant extra time to pay.
The guarantor’s liability is not limited to any fixed amount. It covers everything the tenant owes under this Lease.
The guarantor cannot be released during the first term. Once the rental is running month to month, the guarantor may end this guarantee as to future obligations by giving Flex Town 60 days’ written notice, but stays liable for everything accrued up to the end of that notice period, and the tenant must provide a replacement guarantor or an increased deposit acceptable to Flex Town before the release takes effect.
The guarantor gives up the right to require Flex Town to sue the tenant first, to demand payment from the tenant first, or to proceed against the deposit first.
The guarantor stays liable even if Flex Town gives the tenant extra time to pay, accepts a part payment, agrees a payment plan, varies the rent, agrees a renewal, or consents to a transfer — none of those release the guarantor.
If there is more than one guarantor, each is liable for the whole amount, not just a share.
I understand that I am personally responsible for this tenant’s rent, and that Flex Town can come to me directly without suing the business first.
Initial:
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Flex Town General Lease — draft version 1.0, 8 September 2026. Independently drafted for Maat Holdings Ploof Road LLC. Awaiting attorney review. Not for tenant signature in this form.
Companion documents: Flex Town Terms and Conditions, Flex Town Privacy Statement, Flex Town Lease Addendum.